Solved

Goods That Can Be Produced Using Rare Productive Resources Have

Question 78

Multiple Choice

Goods that can be produced using rare productive resources have a ________ elasticity of supply.The greater the amount of time available after a price change,the ________ is the elasticity of supply.


A) low;smaller
B) high;greater
C) high;smaller
D) low;greater
E) high;more inelastic

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions